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    SEC Form N-23C-2 filed by Nuveen Quality Municipal Income Fund

    10/28/24 4:28:25 PM ET
    $NAD
    Investment Managers
    Finance
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    N-23C-2 1 nad-n23c2_102824.htm NOTIFICATION OF REPURCHASE OFFER
     

    United States
    Securities and Exchange Commission

    Washington, DC 20549

     

     

    Rule 23c-2 Notice of Intention to
    Redeem Securities

     

    of

     

    Nuveen Quality Municipal Income Fund
    333 West Wacker Drive
    Chicago, Illinois  60606

     

    under the

     

    Investment Company Act of 1940

     

    Investment Company Act File No. 811-09297

     

    The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission that it may redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the “Act”).

     

    (1)Title of the class of securities of Nuveen Quality Municipal Income Fund (the “Fund”) to be redeemed: 

     

    Preferred shares of the series indicated below (“Preferred Shares”):

     

    Variable Rate Demand Preferred Shares (“VRDP Shares”), Liquidation Preference $100,000 per share, of one or more of the following series:

     

    Series 1 (CUSIP #67066V 879) 

     

    Series 2 (CUSIP #67066V 861)

     

    Adjustable Rate MuniFund Term Preferred Shares (“AMTP Shares”), Liquidation Preference $100,000 per share, of one or more of the following series:

     

    Series 2028 (CUSIP #67066V 796)

     

    Series 2028-1 (CUSIP #67066V 788)

     

    Series 2028-2 (CUSIP #67066V 762)

     

     

     

     

    MuniFund Preferred Shares (“MFP Shares”), Liquidation Preference $100,000 per share, of one or more of the following series:

     

    Series A (CUSIP #67066V 812)

     

    Series B (CUSIP #67066V 770)

     

    (2)Date on which the securities are expected to be called or redeemed:

     

        Date
      Preferred Shares During the period from
    November 27, 2024 to May 27, 2025

     

    The Fund may redeem Preferred Shares on one or more different dates during the period set forth above, or on a subsequent date, and the redemption of any series in full may be effected on an earlier date, in each case, due to market conditions or otherwise as determined by the Board of Trustees of the Fund.

     

    (3)Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:

     

    The VRDP Shares of each series selected for redemption are to be redeemed pursuant to Section 9(a) of Part I of the applicable Statement Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares. The AMTP Shares of each series selected for redemption are to be redeemed pursuant to Section 2.5(c) of the applicable Statement Establishing and Fixing the Rights and Preferences of Adjustable Rate MuniFund Term Preferred Shares. The MFP Shares of each series selected for redemption are to be redeemed pursuant to Section 10(a) of the applicable Statement Establishing and Fixing the Rights and Preferences of MuniFund Preferred Shares and Section 2.3(d) of the applicable Supplement to the Statement Establishing and Fixing the Rights and Preferences of MuniFund Preferred Shares Initially Designating the Variable Rate Mode for the MuniFund Preferred Shares.

     

    (4)The number of shares to be redeemed and the basis upon which the shares to be redeemed are to be selected:

     

    The Fund may redeem up to 11,250 of its currently outstanding Preferred Shares from one or more of Series 1 VRDP Shares, Series 2 VRDP Shares, Series 2028 AMTP Shares, Series 2028-1 AMTP Shares, Series 2028-2 AMTP Shares, Series A MFP Shares and/or Series B MFP Shares, as determined by the Fund. Within a series selected by the Fund for redemption in part, Preferred Shares of such series to be redeemed will be selected by lot (as determined by The Depository Trust Company).*

     

    * The Fund may redeem up to the amount of Preferred Shares listed above, but may redeem less or none. A notice providing the final amount of Preferred Shares, if any, of each series to be redeemed by the Fund will be provided to the preferred shareholders of such series in accordance with the statement establishing and fixing the rights and preferences of the Preferred Shares of the applicable series of the Fund.

     

    [Remainder of Page Left Blank]

     

    - 2 -

     

     

    SIGNATURE

     

    Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 28th day of October, 2024.

     

      Nuveen Quality Municipal Income Fund  
           
      By: /s/ Mark L. Winget  
      Name: Mark L. Winget  
      Title: Vice President and Secretary  

     

     

    - 3 -

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